catch-up contributions

Are you aware of these 3 HSA rules? You could be missing out on savings!

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The tax advantages provided by Health Savings Accounts (HSAs) may be unknown to many individuals. Despite not being as popular as long-term savings plans like IRAs and 401(k)s, understanding the rules and regulations surrounding HSAs can help individuals make the most of these accounts. Contributions to HSAs are tax-free, and the funds can also be … Read more

IRS Increases Retirement Contribution Limits 2024 – Here’s What You Need to Know

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The Internal Revenue Service (IRS) has made an announcement that the contribution limits for retirement accounts, such as 401(k) plans, will be raised in 2024. There will be an increase to the annual contribution limits for most 457 plans, 401(ks), and 403(bs) by $500 to $23,000. Individuals aged 50 and older will be able to … Read more